My question is for the Minister of Red Tape Reduction. Our government is taking the lead on making Ontario better for people and businesses by removing unnecessary, redundant and outdated regulations. Recently, we debated the Less Red Tape, Stronger Ontario Act. It’s an important package that proposes 28 changes to improve Ontario’s competitiveness, build stronger supply chains and develop a more resilient agricultural sector. One of the proposed changes in the act is to allow Ontario to begin the process of permitting carbon capture and storage activities in a phased and responsible manner. This is an important step in helping critical industries transition to a low-carbon economy, creating, supporting and sustaining jobs across Ontario.

Speaker, can the Minister of Red Tape Reduction share some of the economic benefits of moving forward with this important initiative?